Property investors who have had real estate in Sylvania Waters, 2224 should be unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -38.10%
Comparing Sylvania Waters,2224 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Residents and property investors in Sylvania Waters have been waiting around 86.5 days to sell a property.
Advertised rents are around the $1200 mark per week – giving a return of 3.73% based on the median price in Suburb
On average over the past year, suburb has had 1.17 sales per month, which equates to 14 per year.
Using the current median advertised rental of $510 and the average annual increase in value of a median property of 8.33%, investors should hope to achieve an overall return of 4.20%
Information supplied by:
Average annual growth holds up
Median unit price: $666,250
Three-year growth: 1.6%
Rental yield: 4.1%
A beautiful suburb by the water, located just 21km south of the Sydney CBD, Sylvania Waters boasts stunning views. Its streets are named after rivers in Australia, driving home its affinity with water.
Its unit market is slowing, but remains positive despite the current status of the NSW property scene. The average annual growth is still at a high 7.3%, as prices increased by 2.7% to a median of over $650,000 during the February 2018-2019 period.
While the suburb is mainly residential, owner occupiers still enjoy the benefit of several shopping hubs on Belgrave Esplanade, Sylvania Shopping Village, Sylvania Shopping Centre and Richmond Centre. The state-of-the-art Sylvania Waters Athletics Track was also established here. The suburb also gained some Hollywood recognition when the artificial James Cook Island became the set for a scene in 2006’s Superman Returns.